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Filing your personal income tax return correctly ensures you maximize your tax credits, claim every eligible deduction, and remain compliant with Canada Revenue Agency (CRA) regulations. Whether you are an employee, self-employed, a retiree, or an investor, understanding the various income types and how they are taxed can be overwhelming.
At Westview Accounting & Tax Services Inc., we provide detailed and professional personal tax preparation services in North Vancouver, BC. Our team ensures your T1 General Income Tax and Benefit Return is prepared accurately, submitted on time, and optimized to minimize tax liability.
Under Canadian tax law, individuals must file a T1 General Tax Return if they:
✔ Earn Employment Income (T4 – Statement of Remuneration Paid) – If you receive a T4 slip from your employer, you must report all income, benefits, and deductions (e.g., EI, CPP contributions).
✔ Are Self-Employed or Own a Small Business (T2125 – Statement of Business or Professional Activities) – Sole proprietors, freelancers, and gig workers must report all business earnings and expenses.
✔ Receive Pension or Retirement Income (T4A—Pension, Retirement, Annuities, and Other Income; T4A(OAS)—Old Age Security; T4A(P)—Canada Pension Plan Benefits)—Retirees must report income from government pensions, private pensions, or annuities.
✔ Have Investment Income (T5 – Statement of Investment Income, T3 – Statement of Trust Income, T5008 – Statement of Securities Transactions) – Interest, dividends, and capital gains must be reported.
✔ Own Rental Properties (T776 – Statement of Real Estate Rentals) – Landlords must report rental income, mortgage interest, and property expenses.
✔ Receive Commission Income (T4A – Statement of Pension, Retirement, Annuities, and Other Income) – Sales professionals and independent agents must report commissions and allowable deductions.
✔ Have Foreign Income (T1135 – Foreign Income Verification Statement) – Canadians earning income outside of Canada must declare their foreign earnings and assets.
✔ Are a Student Claiming Tuition Credits (T2202 – Tuition and Enrolment Certificate)?—Students must file a return to claim tuition credits and carry forward unused credits.
✔ Support Dependents & Claim Benefits (RC66 – Canada Child Benefits Application, RC269 – Family Tax Cut Transfer Form, etc.) – Parents and caregivers must file to receive child benefits, disability credits, and other government assistance.
Even if you have no income, filing a tax return allows you to claim GST/HST credits, tuition credits, and government benefits.
✔ Employment Expenses (T777 – Statement of Employment Expenses) – If you work from home or incur job-related expenses, you may be eligible for deductions.
✔ Medical Expenses (T1 Schedule 1, RC4065 – Medical Expenses for Self, Spouse, or Dependents) – Prescription drugs, dental work, and other eligible expenses can reduce taxable income.
✔ RRSP Contributions (T1 Schedule 7 – RRSP and PRPP Contributions, RC71 – Retirement Savings Plan Deduction Limit Statement) – Contributions to an RRSP can lower taxable income.
✔ Childcare Expenses (T778 – Child Care Expenses Deduction) – Daycare, babysitting, and after-school care costs may be deducted.
✔ Home Buyers’ Tax Credit (T1 Schedule 1, RC143 – Home Buyers’ Amount Worksheet) – First-time homebuyers can claim a tax credit for purchasing a qualifying home.
✔ Disability Tax Credit (T2201 – Disability Tax Credit Certificate) – Those with disabilities or dependents with disabilities can claim tax credits.
✔ Canada Training Credit (T1 Schedule 11 – Federal Tuition, Education, and Textbook Amounts) – Covers training and education expenses for eligible individuals.
✔ Donations & Charitable Giving (T1 Schedule 9 – Donations and Gifts) – Registered charitable donations can provide tax credits.
Understanding which deductions apply to your situation can significantly lower your taxable income and increase your refund.
🔹 Accurate Income & Deduction Reporting – We ensure that all tax slips (T4, T4A, T5, T3, etc.) and eligible deductions are correctly reported.
🔹 Electronic Filing (EFILE) for Faster Refunds—We submit your return electronically to speed up processing and direct deposit refunds.
🔹 Deadline Management & CRA Compliance – We ensure your return is filed before the April 30 deadline (June 15 for self-employed individuals) to avoid penalties.
🔹 CRA Correspondence & Audit Support – If the CRA requires additional documents, we handle the response and provide full support.
🔹 Year-Round Tax Planning—We offer strategic tax planning to help you reduce taxes for future years.
✅ Specialized in BC Personal Taxation—We help North Vancouver residents file taxes efficiently while maximizing credits and refunds.
✅ No Missed Tax Credits or Refunds—We ensure you claim every deduction and government benefit available.
✅ Fast, Professional & Hassle-Free Filing – We eliminate tax headaches by handling everything for you.
✅ Comprehensive Financial Support—Need help with self-employment taxes, investment tax planning, or GST/HST filings? We provide full-service tax solutions.
Let Westview Accounting & Tax Services Inc. handle your T1 personal tax filing with accuracy, professionalism, and a focus on tax savings. We ensure your tax return is fully compliant, optimized for refunds, and filed on time in North Vancouver, BC.
📞 Contact Us Today! Get expert personal tax filing services tailored to your financial situation!
If you are a new immigrant, work permit holder, or international student in Canada, filing your first personal income tax return (T1 General Tax Return) is an essential step to accessing government benefits, tax credits, and refunds. The Canada Revenue Agency (CRA) offers various tax benefits for newcomers, but understanding how to report income, foreign assets, and deductions can be complex.
At Westview Accounting & Tax Services Inc., we provide comprehensive tax filing services for first-time filers in North Vancouver, BC. We ensure that you accurately report income, claim eligible tax credits, and meet all CRA filing requirements—giving you peace of mind in your new country.
✔ Permanent Residents (PRs) & Landed Immigrants—If you received PR status within the tax year, you must file a tax return.
✔ Temporary Foreign Workers & Work Permit Holders (T4 – Statement of Remuneration Paid) – If you work in Canada and earn income, you are required to file taxes.
✔ International Students (T2202 – Tuition and Enrolment Certificate) – If you are studying in Canada, you may qualify for tuition credits and tax refunds.
✔ Refugees & Protected Persons – If you were granted asylum or refugee status, you may need to report income and claim government benefits.
✔ Newcomers with Foreign Income (T1135—Foreign Income Verification Statement)—If you earn income from foreign employment, rental properties, or investments, you must report it.
✔ Business Owners & Self-Employed Newcomers (T2125 – Statement of Business or Professional Activities) – Entrepreneurs and freelancers must report business income and expenses.
✔ Individuals with Dependents or Family in Canada (RC66 – Canada Child Benefit Application, RC269 – Family Tax Cut Transfer Form) – Newcomers with children should file to receive child benefits and tax credits.
Even if you haven’t earned income in Canada, filing a tax return allows you to claim tax credits, access government benefits, and start building your tax history.
Filing your first Canadian tax return allows you to access:
✔ GST/HST Credit (RC151 – GST/HST Credit Application for Individuals Who Become Residents of Canada) – A tax-free payment to help cover the cost of sales tax on goods and services.
✔ Canada Child Benefit (CCB) (RC66 – Canada Child Benefits Application) – Monthly financial support for parents raising children under 18.
✔ Tuition & Education Credits (T2202 – Tuition and Enrolment Certificate, T1 Schedule 11 – Tuition and Education Amounts) – Students can claim tuition fees and carry forward unused credits.
✔ RRSP Contribution Room (T1 Schedule 7 – RRSP and PRPP Contributions, RC71 – Retirement Savings Plan Deduction Limit Statement) – Filing taxes allows you to start accumulating RRSP room, which helps with tax planning.
✔ Foreign Tax Credits (T1 Schedule 1, T1135 – Foreign Income Verification Statement) – If you paid taxes on foreign income, you may be able to reduce your Canadian tax liability.
✔ Disability Tax Credit (T2201 – Disability Tax Credit Certificate) – Available to individuals with disabilities and their caregivers.
✔ First-Time Home Buyers’ Tax Credit (T1 Schedule 1, RC143 – Home Buyers’ Amount Worksheet) – Newcomers purchasing their first home in Canada may qualify.
Even if you don’t owe taxes, claiming these benefits and credits can help you receive tax refunds and financial support.
🔹 Determining Your Residency Status for Tax Purposes—We assess whether you are considered a Canadian tax resident, which affects how you report your income.
🔹 Foreign Income & Asset Reporting Compliance – If you have investments, rental properties, or earnings outside Canada, we ensure compliance with CRA reporting rules.
🔹 Maximizing Newcomer Tax Benefits & Credits – We identify all eligible tax credits and deductions to help you reduce taxes and maximize your refund.
🔹 Avoiding Common Filing Mistakes—Errors such as not reporting worldwide income, missing tax credits, or incorrect residency status can delay refunds or trigger audits.
🔹 Electronic Tax Filing (EFILE) for Faster Processing – We submit your return electronically to speed up your refund and tax credit payments.
🔹 Year-Round Tax Support—If the CRA requests additional documents or if you need to amend a return, we provide ongoing assistance.
✅ Specialized in Newcomer Taxation—We help immigrants, work permit holders, and international students navigate Canada’s tax system with ease.
✅ Maximize Your Refund & Claim Your Benefits – Our team ensures you get every tax credit and refund you’re entitled to.
✅ No Stress, No Guesswork—We handle everything for you, making your first tax filing experience simple and hassle-free.
✅ Comprehensive Financial Support—Need help with investment taxes, rental income reporting, or starting a business in Canada? We provide full-service tax and accounting solutions.
Filing your first tax return is an important step toward building financial stability in Canada. Let Westview Accounting & Tax Services Inc. handle your newcomer tax filing, ensuring you maximize your tax credits, stay compliant, and file on time in North Vancouver, BC.
📞 Contact Us Today! Get expert first-time newcomer tax filing assistance!
If you are self-employed, a freelancer, or an independent contractor, you are responsible for reporting your business income and expenses on your personal tax return. Unlike employees who receive T4 slips, self-employed individuals must file a T2125—Statement of Business or Professional Activities—to declare their earnings and deduct eligible business expenses.
At Westview Accounting & Tax Services Inc., we specialize in self-employed tax return preparation in North Vancouver, BC, ensuring you maximize deductions, comply with CRA regulations, and reduce your taxable income.
✔ Freelancers & Independent Contractors – If you earn income through consulting, writing, graphic design, IT, photography, marketing, or any gig-based work, you must report it.
✔ Sole Proprietors & Small Business Owners – If you operate an unincorporated business, your income is reported on your personal tax return (T1) using the T2125 form.
✔ Commission-Based Workers (T4A—Statement of Pension, Retirement, Annuities, and Other Income)—If you receive T4A slips for commissions or contract payments, you are considered self-employed.
✔ Online Business Owners & E-Commerce Sellers – If you earn money from dropshipping, Shopify, Amazon FBA, Etsy, or digital product sales, you must report your business income.
✔ Ride-Share & Delivery Drivers (Uber, Lyft, SkipTheDishes, DoorDash, Instacart, etc.)— Self-employed drivers must file taxes and track mileage, vehicle expenses, and service fees.
✔ Content Creators & Influencers—If you earn revenue from YouTube ads, sponsorships, affiliate marketing, or social media brand deals, this is taxable income.
If you have multiple self-employment income streams, they must be separately recorded but reported together on your tax return.
✔ Self-Employment Income is Taxed as Personal Income—Unlike corporations, sole proprietors report business earnings on their T1 Personal Income Tax Return.
✔ CPP Contributions Are Required – Self-employed individuals must pay both employer and employee portions of CPP (Canada Pension Plan).
✔ GST/HST Registration May Be Required – If your revenue exceeds $30,000 per year, you must register for GST/HST (Form RC1 – Business Number and CRA Accounts Registration) and charge sales tax.
✔ Quarterly Tax Installments May Be Required – If you owe more than $3,000 in taxes, the CRA may require you to prepay taxes in installments (Form INNS1 – Installment Reminder Notice).
Without proper planning, self-employed individuals may face high tax bills—which is why tracking expenses and claiming deductions is essential.
✔ Home Office Expenses—If you work from home, a portion of your rent/mortgage, utilities, and internet can be deducted.
✔ Vehicle Expenses – If you drive for business, you can claim gas, maintenance, insurance, and mileage costs.
✔ Advertising & Marketing Costs – Expenses for website hosting, social media ads, business cards, and branding are fully deductible.
✔ Office Supplies & Equipment – Computers, software, office furniture, and tools used for business can be written off.
✔ Professional Fees & Business Services – Accounting, legal, and consulting fees are deductible business expenses.
✔ Travel & Meal Expenses – Business-related travel, accommodations, and meals (up to 50%) can be claimed.
✔ Employee & Contractor Payments (T4/T4A Slips Required) – If you hire staff, salaries and subcontractor payments are deductible.
✔ Insurance Premiums – Business liability insurance and self-employed health insurance may be tax-deductible.
✔ Business Loan & Interest Expenses – Interest on business loans, credit lines, and business-related credit cards is deductible.
Claiming all eligible deductions reduces taxable income and lowers your tax bill.
🔹 Accurate Income & Expense Reporting – We ensure all self-employment income is properly recorded and eligible deductions are maximized.
🔹 T2125 Preparation & Submission – We complete and file the T2125 form (Statement of Business or Professional Activities) accurately.
🔹 GST/HST Registration & Remittance Support – If required, we assist with sales tax registration and quarterly filing.
🔹 CPP & Tax Installment Planning – We calculate CPP contributions and estimated tax payments to avoid surprises.
🔹 Audit Protection & CRA Compliance – We ensure your records are CRA-compliant, reducing audit risks.
🔹 Bookkeeping & Tax Planning Support – We offer full bookkeeping services to help you track income and expenses efficiently.
✅ Experts in Self-Employed & Freelancer Taxation—We help North Vancouver-based self-employed individuals and gig workers file taxes properly.
✅ No Missed Deductions or Tax Credits—We ensure you claim every eligible business expense to reduce your tax bill.
✅ Hassle-Free Tax Filing— Stop struggling with spreadsheets—let us handle your tax filing while you focus on running your business.
✅ Full-Service Business & Tax Support – Need help with bookkeeping, GST/HST, or tax planning? We provide comprehensive self-employed financial solutions.
Filing taxes as a self-employed professional or freelancer requires careful income reporting and expense tracking. Let Westview Accounting & Tax Services Inc. handle your T2125 tax filing, ensuring your return is accurate, compliant, and optimized for tax savings in North Vancouver, BC.
📞 Contact Us Today! Get expert tax preparation for self-employed individuals and freelancers!
If you earn commission-based income, your tax situation is different from that of a standard salaried employee. Whether you receive a T4A slip (self-employed commissions) or a T4 slip (employee commissions), understanding eligible tax deductions, GST/HST obligations, and allowable write-offs is crucial to reducing your taxable income and maximizing your refund.
At Westview Accounting & Tax Services Inc., we provide specialized tax services for commission-based workers in North Vancouver, BC. We ensure that your T4A or T4 commission income is accurately reported, all eligible expenses are claimed, and your tax return is optimized for maximum savings.
✔ Sales Professionals (Real Estate Agents, Car Salespeople, Insurance Brokers, etc.) – Individuals earning commission income from product sales, service fees, or brokerage commissions.
✔ Independent Contractors & Consultants (T4A Income) – Professionals who earn 100% commission and do not receive employment benefits.
✔ Employees Receiving Commission (T4 Income with Box 42 – Employment Commissions) – Those who are paid a base salary + commission or a 100% commission-based salary.
✔ Investment Advisors & Mortgage Brokers – Individuals earning commissions from financial products, loans, or client investments.
✔ Network Marketers & Direct Sales Agents – Self-employed individuals selling MLM, affiliate, or direct-selling products.
✔ T4A – Self-Employed Commissions
✔ T4 – Employee Commissions (Box 42 – Commissions)
✔ GST/HST Registration for Commission Earners (RC1 – Business Number Registration)
✔ Vehicle & Travel Expenses – Fuel, insurance, lease payments, and maintenance costs for business-related travel.
✔ Home Office Deduction – If you work from home, you can claim a portion of your rent, utilities, and internet costs.
✔ Advertising & Marketing Costs – Social media ads, print materials, website development, and lead generation tools.
✔ Office Supplies & Business Tools – Computers, mobile phones, CRM software, and any other tools required for work.
✔ Professional Development & Licensing Fees – Courses, certifications, and association memberships required for your profession.
✔ Entertainment & Client Meals – A portion of meal and entertainment expenses for business-related client interactions is deductible.
✔ Insurance Premiums – Business liability insurance and errors & omissions (E&O) insurance.
✔ Commission-Based Salary Expenses – If you have T4 commission income, certain expenses may be deductible if your employer does not reimburse them.
Claiming all eligible deductions reduces your taxable income and increases your refund.
🔹 Accurate Reporting of T4 & T4A Commission Income – We ensure all income sources are correctly recorded to prevent CRA issues.
🔹 Maximizing Tax Deductions for Commission Earners – We claim all allowable business expenses to lower your taxable income.
🔹 GST/HST Registration & Filing Assistance – We help you register, collect, and remit sales tax if required.
🔹 Tax Planning to Avoid Year-End Surprises – If you earn 100% commission, we help you estimate tax liabilities and plan accordingly.
🔹 Audit Protection & CRA Compliance – We ensure that your tax return is CRA-compliant, reducing audit risks.
🔹 Full-Service Bookkeeping & Tax Support – Need help tracking expenses year-round? We offer dedicated bookkeeping services for commission-based professionals.
✅ Experts in Commission-Based Taxation – We help North Vancouver-based sales professionals and contractors optimize their taxes.
✅ No Missed Deductions or Overpayments – We ensure you claim every eligible expense to minimize tax liability.
✅ Hassle-Free Tax Filing & CRA Compliance – We handle all paperwork, so you avoid common tax filing mistakes.
✅ Integrated Business Support – Need help with tax planning, bookkeeping, or GST/HST filing? We provide comprehensive commission-based financial solutions.
Commission income requires special tax planning and expense tracking. Let Westview Accounting & Tax Services Inc. handle your T4A or T4 commission tax filing, ensuring your return is accurate, CRA-compliant, and optimized for tax savings in North Vancouver, BC.
📞 Contact Us Today! Get expert tax preparation for commission-based professionals!
If you earn investment income from stocks, dividends, interest, or rental income from properties, the Canada Revenue Agency (CRA) requires you to report all earnings on your T1 Personal Income Tax Return. Understanding how capital gains, rental expenses, and investment deductions affect your tax bill is essential to maximizing your tax savings.
At Westview Accounting & Tax Services Inc., we provide expert tax filing for investors and landlords, ensuring you report your earnings correctly, claim eligible deductions, and minimize taxes owed.
✔ Investors with Dividend & Interest Income (T5 – Statement of Investment Income) – If you earn interest from savings accounts, GICs, or dividends from stocks, you will receive a T5 slip.
✔ Mutual Fund & Trust Income Recipients (T3 – Statement of Trust Income Allocations & Designations) – If you receive distributions from mutual funds, ETFs, or real estate investment trusts (REITs), you must report them.
✔ Stock Market Traders & Investors (T5008 – Statement of Securities Transactions) – If you sell stocks or securities, the CRA requires you to report capital gains and losses.
✔ Landlords & Property Owners (T776 – Statement of Real Estate Rentals) – If you rent out houses, condos, or commercial properties, you must report rental income and claim property-related expenses.
✔ Cryptocurrency Traders & Investors (T1 Schedule 3 – Capital Gains) – If you buy and sell cryptocurrency, transactions must be reported as business income or capital gains/losses.
✔ Foreign Property Owners (T1135 – Foreign Income Verification Statement) – If you own foreign rental properties or overseas investments valued at over $100,000 CAD, the CRA requires reporting.
Even if you don’t receive a tax slip, you are still required to report all taxable income from investments and rental properties.
✔ Capital Gains vs. Business Income (Schedule 3 – Capital Gains or Losses) – If you sell stocks or property, 50% of capital gains are taxable, but frequent traders may be taxed as business income.
✔ Dividends & Tax Credits (T5 – Dividend Tax Credit Line 12000) – Eligible dividends receive a gross-up and tax credit, lowering taxes owed.
✔ Rental Income & Deductible Expenses (T776 – Rental Income Statement) – Landlords can deduct mortgage interest, property taxes, repairs, insurance, and management fees.
✔ Depreciation on Rental Properties (CCA – Capital Cost Allowance) – Property owners may claim depreciation on buildings (CCA), but this can trigger capital gains tax upon selling.
✔ Foreign Investment Taxation (T1135 – Foreign Property Report) – Investments in foreign stocks, rental properties, or bank accounts must be disclosed.
Understanding investment and rental income taxation can help minimize taxes and maximize deductions.
✔ For Rental Income (T776 – Rental Expenses Report):
✔ For Investment Income (T5, T3, T5008 Tax Filings):
Claiming all eligible deductions helps lower your taxable income and increase tax refunds.
🔹 Accurate Income & Capital Gains Reporting – We ensure all T5, T3, T5008, and T776 tax slips are accurately reported.
🔹 Maximizing Tax Deductions & Write-Offs – We identify all eligible deductions to reduce taxes on investment or rental income.
🔹 Capital Gains Tax Optimization – We apply strategies to reduce capital gains tax liability, including tax-loss harvesting.
🔹 CRA Compliance & Foreign Asset Reporting – If you have foreign investments or rental properties, we ensure proper T1135 reporting.
🔹 Audit Protection & Documentation Support – We ensure your records are CRA-compliant and audit-proof.
🔹 Year-Round Tax Planning & Investment Strategy – We offer investment tax planning to help you optimize future tax filings.
✅ Specialized in BC Investment & Rental Taxation – We help North Vancouver investors and landlords navigate complex tax filings.
✅ Maximize Tax Refunds & Reduce Tax Bills – We ensure you claim every allowable deduction and credit.
✅ CRA Compliance & Foreign Reporting – We handle capital gains reporting, rental income tax optimization, and international tax compliance.
✅ Full-Service Financial Support – Need help with bookkeeping, tax planning, or investment strategies? We offer comprehensive tax and accounting solutions.
When someone passes away in Canada, their final tax return (T1 Terminal Return) must be filed with the Canada Revenue Agency (CRA), reporting all income earned up until their date of death. Additionally, if the estate continues to generate income after death, an estate (T3 Trust Income Tax Return) may be required.
At Westview Accounting & Tax Services Inc., we provide expert estate and final tax return preparation for families, executors, and trustees in North Vancouver, BC. We ensure that the deceased’s tax obligations are fulfilled accurately, tax credits are maximized, and the estate remains compliant with CRA regulations.
✔ T1 Final Tax Return (Terminal Return)—Reports all income earned from January 1 of the year of death to the date of passing.
✔ T3 Estate or Trust Tax Return (If Applicable)—If the estate continues earning interest, dividends, rental income, or capital gains, a T3 return must be filed.
✔ Optional Tax Returns for Tax Reduction:
The executor or legal representative of the deceased is responsible for ensuring these tax filings are completed correctly and submitted on time.
✔ Employment & Pension Income (T4 – Statement of Remuneration Paid, T4A – Pension, Retirement, Annuities & Other Income) – Includes salaries, CPP, OAS, and employer pensions.
✔ Investment & Capital Gains (T5 – Investment Income, T3 – Trust Income, T5008 – Securities Transactions) – Reports income from stocks, dividends, bonds, and trust distributions.
✔ RRSP & RRIF Withdrawals (T4RSP – Registered Retirement Savings Plan, T4RIF – Registered Retirement Income Fund) – Reports taxable RRSP or RRIF withdrawals at death.
✔ Rental Property Income (T776 – Rental Income Statement) – If the deceased owned rental properties, rental income must be reported.
✔ Business & Self-Employment Income (T2125 – Statement of Business or Professional Activities) – If the deceased was a sole proprietor, their business income is taxable on the final return.
✔ Foreign Income & Assets (T1135 – Foreign Income Verification Statement) – If applicable, the CRA requires reporting of foreign investments, rental income, or offshore assets.
Any income earned after the date of death must be reported on an estate (T3) return, not the T1 final return.
Tax Credits & Deductions Available on a Final Tax Return
✔ Medical Expenses (RC4065 – Medical Expenses Deduction Guide) – Medical costs paid before death may be claimed to reduce taxes owed.
✔ Disability Tax Credit (T2201 – Disability Tax Credit Certificate)—If the deceased was eligible for the disability credit, any remaining amounts may be claimed.
✔ Charitable Donations (T1 Schedule 9 – Donations and Gifts) – If the deceased made charitable contributions, tax credits may apply.
✔ Capital Loss Carryforwards (T1 Schedule 3 – Capital Gains & Losses) – If applicable, previous capital losses may be used to offset final taxes.
✔ RRSP & RRIF Rollovers (T4RSP/T4RIF Transfers)—If a spouse or dependent child is a beneficiary, certain tax-free rollovers may apply.
The executor or estate administrator should work with a tax professional to ensure all deductions and credits are claimed.
🔹 T1 Final Tax Return Preparation—We accurately report all income earned before death and claim eligible credits & deductions.
🔹 T3 Estate & Trust Tax Return Filing – If the estate continues earning income, we handle T3 estate tax filings to ensure compliance.
🔹 Rights or Things Return Optimization—We assess whether filing a separate return for unpaid income will reduce overall taxes.
🔹 Capital Gains & RRSP/RRIF Tax Planning – We ensure investment gains, RRSP withdrawals, and pension transfers are handled tax-efficiently.
🔹 CRA Clearance Certificate Application (TX19 – Request for a Clearance Certificate) – We assist executors in obtaining a CRA clearance certificate, confirming that all taxes are settled before distributing the estate.
🔹 Executor & Estate Tax Guidance – We provide ongoing support to ensure the estate remains tax-compliant until final settlement.
✅ Specialized in BC Estate & Final Tax Returns—We help North Vancouver executors and families navigate complex tax requirements.
✅ Minimize Tax Liabilities & Optimize Deductions – We identify strategies to reduce estate taxes and maximize credits.
✅ Ensure CRA Compliance & Avoid Penalties – We handle all tax filings accurately and on time, preventing legal issues.
✅ Full-Service Estate & Financial Support – Need help with estate bookkeeping, executor financial guidance, or trust taxation? We offer comprehensive estate tax solutions.
Filing estate and final tax returns can be complex and overwhelming for executors and families. Let Westview Accounting & Tax Services Inc. handle your T1 final return, T3 estate return, and all related tax obligations in North Vancouver, BC.
📞 Contact Us Today! Get expert estate and final tax return preparation services!
If you are a non-resident earning income in Canada, or a Canadian resident with foreign income, rental properties, or investments abroad, you must comply with Canada Revenue Agency (CRA) tax regulations. Understanding your tax residency status, reporting requirements, and potential withholding taxes is crucial to avoiding penalties and double taxation.
At Westview Accounting & Tax Services Inc., we provide comprehensive non-resident and international tax filing services in North Vancouver, BC. Whether you need to file a non-resident tax return, report foreign assets, or claim tax treaty benefits, we ensure your taxes are handled correctly and efficiently.
✔ Non-Residents Earning Income in Canada (Section 216 & 217 Tax Returns) – If you earn rental income, pension, or business income in Canada, you may need to file a T1 Non-Resident Return.
✔ Canadians with Foreign Income (T1135 – Foreign Income Verification Statement) – If you own foreign bank accounts, rental properties, or investments over $100,000 CAD, CRA requires reporting.
✔ Foreign Landlords with Canadian Rental Properties (NR6 – Undertaking to File an Income Tax Return, NR4 – Statement of Amounts Paid or Credited to Non-Residents) – If you rent out property in Canada, you may be subject to 25% withholding tax unless you file under Section 216.
✔ Canadians Living Abroad (Deemed Non-Resident vs. Factual Resident Determination) – If you live outside Canada but maintain ties, CRA may still consider you a Canadian tax resident.
✔ Foreign Employees Working in Canada (T4A-NR – Statement of Fees, Commissions, or Other Amounts Paid to Non-Residents for Services Rendered in Canada) – If you worked in Canada temporarily, taxes may have been deducted from your income.
✔ Retired Non-Residents Receiving Canadian Pension Income (OAS, CPP, RRSP, RRIF) – If you live outside Canada but receive Canadian pension payments, you may have withholding tax obligations.
✔ Foreign Business Owners with Canadian Operations – If you operate a business in Canada but live abroad, tax filings may be required.
If you fall into any of these categories, failing to file the required tax forms can lead to penalties and lost tax benefits.
✔ Factual Resident (Still Considered a Canadian Taxpayer) – If you live abroad but maintain strong ties to Canada (family, property, bank accounts, driver’s license, health care), you may still be considered a Canadian tax resident and must report worldwide income.
✔ Deemed Non-Resident (Under a Tax Treaty) – If you qualify under a tax treaty, you may be considered a non-resident for tax purposes, limiting your Canadian tax obligations.
✔ Non-Resident (Only Taxed on Canadian-Source Income) – If you don’t meet Canadian residency criteria, you are taxed only on income earned in Canada.
✔ Part-Year Resident (If You Moved to or Left Canada During the Year) – If you immigrated to or emigrated from Canada, you need to file a part-year resident tax return.
Determining your residency status is critical for understanding how much tax you owe and whether you need to file a Canadian tax return.
✔ Canadian Rental Income (Section 216 Return, NR6 & NR4 Forms) – If you own rental property in Canada, you must report rental income and pay non-resident withholding tax (25%) unless filing under Section 216.
✔ Pension & Retirement Income (Section 217 Election, NR5 & NR4 Forms) – If you receive CPP, OAS, RRSP, or RRIF withdrawals, you may elect to file a return under Section 217 to reduce tax withholding.
✔ Business & Employment Income (T4A-NR, T1 Non-Resident Return) – If you worked in Canada as a non-resident, you may be eligible for a refund.
✔ Foreign Property & Investment Reporting (T1135 – Foreign Income Verification Statement) – If you own foreign assets worth over $100,000 CAD, CRA requires detailed reporting to prevent tax evasion.
✔ Sale of Canadian Property (T2062 – Request by a Non-Resident for a Certificate of Compliance Related to the Disposition of Taxable Canadian Property) – Non-residents selling Canadian real estate must report the sale and pay applicable taxes.
✔ International Tax Treaties & Withholding Tax Reductions (NR301, NR302, NR303 Forms) – Certain tax treaties allow non-residents to reduce or eliminate withholding taxes on income earned in Canada.
🔹 Tax Residency Status Assessment – We determine whether you are a resident, deemed non-resident, or non-resident for tax purposes.
🔹 Accurate Foreign Income & Property Reporting – We ensure your foreign assets and worldwide income are reported correctly.
🔹 Filing Non-Resident Tax Returns (T1, T3, Section 216, Section 217) – We prepare and submit the necessary non-resident tax forms to CRA.
🔹 Withholding Tax Reduction & Treaty Benefits Application – We help you apply for tax treaty benefits to lower withholding taxes on Canadian income.
🔹 Rental & Real Estate Tax Compliance for Non-Residents – If you own rental property in Canada, we handle NR6 filings and tax remittances.
🔹 Capital Gains & Property Sales Reporting for Non-Residents – If you sell Canadian property, we assist with T2062 compliance and withholding tax refunds.
✅ Specialized in Non-Resident & International Taxation – We help North Vancouver-based and international clients stay compliant with CRA tax laws.
✅ Avoid Double Taxation & CRA Penalties – We ensure foreign tax credits, treaty exemptions, and proper tax residency classification are applied correctly.
✅ Fast, Professional, & Hassle-Free Filing – We take care of complex international tax filings, so you don’t have to.
✅ Full-Service International Tax Support – Need help with cross-border business taxation, estate tax filings, or investment tax planning? We provide comprehensive tax solutions.
If you earn Canadian income as a non-resident or have international tax obligations, let Westview Accounting & Tax Services Inc. handle your foreign tax filings, non-resident tax returns, and cross-border compliance in North Vancouver, BC.
📞 Contact Us Today! Get expert non-resident & international tax filing services!
The Goods and Services Tax (GST) / Harmonized Sales Tax (HST) Credit is a tax-free payment provided by the Canada Revenue Agency (CRA) to help lower-income individuals and families offset the cost of sales tax on goods and services. This benefit is paid quarterly and can provide much-needed financial relief.
At Westview Accounting & Tax Services Inc., we ensure that eligible Canadians—especially newcomers, low-income earners, and families—receive their full GST/HST credit entitlements. We help you apply, confirm eligibility, and ensure you receive the maximum benefit.
✔ Canadian Residents Aged 19 & Older – If you are 19 or older and have filed a tax return, you may qualify for the credit.
✔ Parents with Children Under 18 – Parents automatically receive an additional GST/HST credit for each eligible child.
✔ Low- to Moderate-Income Individuals & Families – If your income is below a certain threshold, you may qualify for payments.
✔ Newcomers to Canada (RC151 – GST/HST Credit Application for New Residents) – If you are a new immigrant, you may need to apply manually for your first year.
✔ Seniors & Pensioners – Older Canadians may qualify for GST/HST benefits in addition to OAS & GIS payments.
✔ Disability Tax Credit Recipients (T2201 – Disability Tax Credit Certificate) – Those who qualify for the disability tax credit may also be eligible for additional GST/HST benefits.
You must file a tax return every year to continue receiving GST/HST credits—even if you have no income.
For the 2024 tax year (paid in 2025), the maximum GST/HST credit payments are:
✔ $496 for an individual
✔ $650 for a married/common-law couple
✔ $171 per child under 19
The credit amount is based on your family income, and payments are made every three months (July, October, January, and April).
✔ If You Are a Canadian Resident Filing Taxes – You are automatically assessed for eligibility when you file your T1 Personal Tax Return.
✔ If You Are a New Immigrant to Canada – You must complete RC151 – GST/HST Credit Application for New Residents and submit it to the CRA.
✔ If Your Family or Income Situation Changes – You may need to update your information to ensure correct benefit calculations.
Failure to apply or update information can result in missed or delayed payments.
🔹 Automatic Eligibility Review – We ensure your tax return is filed correctly, so you receive the maximum GST/HST credit.
🔹 Newcomer Application Assistance (RC151 Form Filing) – We help new residents apply manually if they are not automatically enrolled.
🔹 Income-Based Tax Planning – We strategize to keep your income within GST/HST credit eligibility limits.
🔹 Government Benefit Optimization – If you qualify for GST/HST credits, you may also qualify for the Canada Child Benefit (CCB) and Climate Action Incentive (CAI)—we ensure you receive all entitlements.
🔹 Ongoing Tax Support & Benefit Adjustments – We assist in updating the CRA if your family or income situation changes.
✅ Specialized in BC Tax Benefits & Credits – We help North Vancouver residents claim all available tax credits.
✅ Ensure Maximum GST/HST Credit Payments – We make sure you receive every dollar you are entitled to.
✅ Hassle-Free Tax Filing & Government Benefit Support – We handle the paperwork so you don’t miss out on benefits.
✅ Full-Service Financial Assistance – Need help with personal taxes, family benefits, or disability tax credits? We provide comprehensive tax solutions.
If you qualify for GST/HST benefits, we ensure you receive full credit payments without delays or missed opportunities. Let Westview Accounting & Tax Services Inc. handle your GST/HST credit applications and tax filing in North Vancouver, BC. 📞 Contact Us Today! Get expert assistance with GST/HST benefits & tax credits!